Thanks for your comments Pete.For me, purely from a calculation...

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airman08

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15/12/23

21:53

Post #: 71480844
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Originally posted by aussiepeter: ↑

I'm on the fence with this, but here are my thoughts.

I didn't want more BTC sold l, as I'm of the opinion BTC is on the early stages of a bull run. it shouldn't have been sold earlier in the year either, but it was. Lisa's strategies have cost a lot, but I'm optimistic with this EFT idea floated, especially once Black Rocks is approved. So I would rather a raise if we have to.

Now let's assume that BTC goes nuts from now till Jan 20, the DCC share price will too, and I will be investing every cent into this share purchase plan on / around that date... as will anyone who has the ability to buy shares then for 0.046c, and they can go up to 230m shares issued (30%) which maybe could possibly be a big favour to all long term share holders. with the excess funds perhaps they will reinvest in more digital currency (more BTC please) and if they did, that would also certainly put a fire under the share price. the long time frame on this SPP seems intentional for this purpose (?)

On the the flip side if BTC tracks sideways, so too will our share price, and we may only get to a $2.5m cash raise anyway, which is not a lot of dilution.

The kicker here would be if we win (and should) the DigitalCC v Karis court case, the result of which is surely due soon. The BTC that would come back to the shareholders / treasury has not even been factored into this current share price, we are talking probably more than $10m aussie dollars at current prices. Imagine what an announcement like that would do to the share price around the end of Jan / Feb!

So im a buyer in the SSP, but don't need to decide until late Jan, when BTC price will dictate if I enter or not.

just my 2 cents. How about you?

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Thanks for your comments Pete.

For me, purely from a calculation point of view - DCC has 745.5M currently and will be +/- 968M in total shares.

We know the company has no much income stream and will be further diluted per share after CR, thus not much of a premium is given to the SP by the market.

Only way to grow the SP is thru expansion of FUM (as you mentioned - BTC EFT). Imagine DCC is worth $968M if the SP reaches $1 and that's around top 350 ASX listed companies.

These pocket of additional shares will only be sold to existing investors who are less likely to cash out short term, less of a damage really in this CR exercise.

DCC Price at posting: 4.8¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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